If you made over a million dollars revenue for a company

[Mimishimi]

What do you think an appropriate bonus would be?

I saved the company £6million in fees.... My bonus will be zilch... It's my job & what I get paid for.

I did this as a fundraiser for a charity a few years back and think I had an exceptional bonus of £300. I was chuffed

I didn't expect it because my job was to raise money for the charity. I got paid a salary for that.

I recently raised 1.5m for a charity and was pleased when they said thanks.

However if you're the cleaner and this wasn't part of your job description then you're ok to expect a bonus

If it is part of the job then possibly no bonus?

How much profit did you make for them? How much support did you have? And what does your contract say about renumeration?

I would expect my bonus to be whatever was agreed in my contract. If a bonus wasn't mentioned, I wouldn't expect one.

What Eve said. Although not as much as £6 million, but I did save about 25% of our funding in my team across my region.

It is not the turnover that is important, but the profit. My DH has a turnover in excess of 1.5 million pounds however, his bonus is only paid on the profit to make sure he is always making the most profitable deal not the biggest deal.

Need more info.

If it's exceptional perhaps not, but if it's expected of you then YABU.

In my job if I do something well I just get given more work!!!

Revenue is irrelevant - what was the profit?

The same as the cleaners get. Unless its in your contract.

Just because you generate identifiable money doesnt mean you are entitled to more of it than anyone else. You are just one part of a company, doing its job like everyone else.

Though if you are a banker the rules are different. Then it is your duty to fleece as much cash out of the company as possible before the house of cards collapses, leaving everyone else unemployed with no pensions while you live the high life you 'deserve'.

Depends whats in your contract, do you have a bonus clause?

depends ..

did you sell this solo
was this a 100% mimi effort, or team
was this via referral or cold call
is this your role

this end that would get you bonus before tax of about £1000

In my industry it used to be about 40%(!) for revenue earners. Not sure what it is now since the credit crunch though I'd expect it to be about half that

Do you have a bonus scheme? A performance/incentive scheme? What does your contract say?

As flogging said - what was the net profit gained from that revenue? Ultimately it depends how much money there is in the pot, not how much revenue individuals generate.

What are the tax implications? You might be better off negotiating a pay rise.

DH generates significant revenue in a business that operates on very low margins (around 4 - 6%) in an industry not famous for throwing around bonuses. £500 to £700 pre tax sounds about right.

Mmm. Isn't it everyone's responsibility to maximise profit for their organisation regardless of their role, either by minimising cost or maximising sales or use of the service offered? What does your contract say? As a one off bonus, maybe £500, perhaps?

Depends on your role - for our sales team who have a low basic salary, they'd get circa £10k for that, for the product development team coming up with something new, nothing or £200 spot bonus if they were lucky

How much profit? How does this compare to previous year / proposed budget for this term? How many people involved in making this figure happen? How is the company doing overall ie does it have to overall profit to pay bonuses across the company?

I'd make a lot for my company but wouldn't expect a bonus - it's my job.

Yep, all about profit, not revenue. You could be selling the business up the river by undercutting everyone else and making absolutely no money at all.
(remembers having an extremely tersh conversation with a very senior manager who didn't differentiate this on a salesman's contract )

Mimi, why don't you go and get over a million pounds revenue for yourself next year? If you can't, then you probably don't deserve a bonus any more than anyone else in the company just because you are front office.

Well done though. I hope you keep your job and possibly get a promotion.

I saved my employer over £6 million, over 4 years. I got an 'exceptional' bonus of £500 whoo hooo

Yes you're all right. This is revenue not profit. I got carried away with my previous post. The answer would be nothing.

I won my company a £1.5 million contract that was a really big coup for my company. I got a 'good performance' bonus of 0.5%. Which considering I earn under 20k per annum did not have me leaping out to the shops.

Not necessarily about the profit. Our sales teams receive a revenue target based bonus, once the set target is achived the bonus % increases dramatically, purely based on the revenue.

The >100% of target varies throughout the year, the target base is in their contract.

Guess it all depends on what the job is and what's in your contract. For what it's worth on my team $1 million revenue would be a single sales target for a quarter, so more info from you is needed.

Sorry, didn't have time to check and reply. It's not me though:) My DH manages a man who personally came up with a trading app that directly led to that revenue (1.6m US dollars). The group as a whoe made more than that. His costs were his wage (80k) and occupancy costs etc. So profit was about 1.5m. His potential bonus was not specified in the contract at all. He got a payrise with his current position but his original wage was not especially high. My husband provides input on what he thinks members of his team should get but does not make final decision, the head of his group does. The man received a 20k bonus as the division overall lost money (apart from a few groups including DH's). Why I asked is because the head of the division had told the person that my DH reports to that he was going to give this man a 70k bonus and the gap is obviously quite large. DH is upset because he thinks this man will plan to walk (he has had much better offers from competitors) and is adamant that without this man, they would not have made the profits that they did. So I was just curious what would be considered fair if it wasn't specified in the contract (very few people get a specific profit-sharing figure in their contracts).